Thursday, June 30, 2022

All posts tagged "fiscal plan"

  • Fiscal board member: Municipalities must make adjustments

    PONCE, Puerto Rico – Fiscal oversight board member Ana Matosantos warned municipalities that they must make adjustments because, according to the fiscal plan, the central government would considerably reduce their fund allocations. “The amount of money the central...

    • Posted March 16, 2017
  • Rosselló administration satisfied with Fiscal Plan’s certification

    SAN JUAN – Puerto Rico’s secretaries of State and Public Affairs, Luis Rivera Marín and Ramón Rosario, respectively, as well as Secretary-General William Villafañe expressed satisfaction following the Fiscal Oversight & Management Board’s approval Monday of the local...

    • Posted March 13, 2017
  • Opposition accuses Rosselló of siding with Oversight Board

    SAN JUAN – Minority legislators expressed their repudiation Monday over the agreement reached by Gov. Ricardo Rosselló and the Fiscal Oversight & Management Board, whose measures will have a considerable impact on the Puerto Rican government’s operations. Popular Democratic Party (PDP)...

    • Posted March 13, 2017
  • Financial Oversight Board Approves Puerto Rico Fiscal Plan

    NEW YORK — Promesa’s fiscal control board approved Monday its plan for Puerto Rico: a “progressive” 10% cut to pensions, a $450 million reduction to the University of Puerto Rico (UPR) budget and the approval of revenue measures...

    • Posted March 13, 2017
  • Gov. Rosselló says measures were adjusted but fiscal plan wasn’t amended

     SAN JUAN – Gov. Ricardo Rosselló said Saturday afternoon that he presented the fiscal control board additional measures to avoid its “proposed 20 percent reduction in public servants’ salaries,” but did not make the substantive changes requested by...

    • Posted March 11, 2017
  • Oversight Board Announces 5th Meeting

    SAN JUAN – The Puerto Rico Financial Oversight & Management Board informed Tuesday that it will hold its fifth public meeting to discuss the fiscal plan presented by the administration of Gov. Ricardo Rosselló as well as an official...

    • Posted March 7, 2017
  • La Fortaleza presents fiscal plan to NPP lawmakers

    During the meeting between the governor and majority delegation, pending bills were discussed such as DMO, permitting reform

    • Posted March 6, 2017
  • Gov’t assures tax hikes are ‘beneficial’ for Puerto Rico economy

    SAN JUAN – House Speaker Carlos “Johnny” Méndez and House Treasury Committeette Chairman Antonio “Tony” Soto justified the measures included in Gov. Ricardo Rosselló‘s fiscal plan of implementing increases to vehicle license fees, Automobile Accident Compensation Administration (AACA) insurance...

    • Posted March 2, 2017
  • Rosselló’s Fiscal Plan Sparks Outcry at Teachers Federation

    SAN JUAN – The Puerto Rico Teachers Federation (PRTF) denounced Thursday that the measures included in Gov. Ricardo Rosselló‘s fiscal plan will represent a negative impact on educational services and teachers’ pensions, which is why they are...

    • Posted March 2, 2017
  • Government to seek yet another extension to Promesa’s stay

    SAN JUAN – The government’s representative before the financial control board, Elías Sánchez, will send a letter Thursday requesting the fiscal entity to ask Congress to amend the federal Promesa law to extend the stay on litigation...

    • Posted March 1, 2017